In the first quarter of 2008, public equity markets have struggled. The Dow Jones Industrial Average, the S&P 500 and the NASDAQ are all down. So, too, are the publicly traded insurance brokers.
Indeed, the valuations of public brokers, expressed as a multiple of EBITDA–Earnings Before Interest, Taxes, Depreciation and Amortization–are at levels not seen since the late 1990s.
Other than a potential hit to your retirement account, what does this mean to independent agencies?
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
